Invest Smart: What Drives the Market

Invest Smart: What Drives the Market

Classic car collection can be a dangerous game if you don’t know what you are doing. That is the purpose of this series, to help you make better choices and understand the ins and outs of investing. We want you to succeed.

In our previous installment of the Invest Smart series we talked about classic car prices. Now we will talk about what drives the market.

It is important to keep your ear to the ground regarding current trends. Currently, European sports cars are pretty hot, especially those in the mid-1950s through the 1960s. This doesn’t seem to be easing up either.

Another observation of market watchers is that many of the buyers are not necessarily collectors, but rather are investors. Many hail from overseas, are paying cash, and are looking for smart places to invest – and the cars present a perfect opportunity.

The difference between collectors and investors though, is emotion. Collectors tend to become emotionally attached to their cars while investors are asking what is the best price, the highest they should go to buy, and what their holding period of return should be.

The relative safety of car investment trends is that they rarely experience a rapid fluctuation. Sure, it does happen and any investment is risky, but when it comes down to it, people love their cars. Picking up a classic collector car – or two – can be the nest egg that provides you and your family with the comfort that you want in your “golden years.” Plus, it’s just a whole lot of fun.

While these things are driving the market, you can be driving away in your own smart investment. Woodside Credit makes owning a classic collector car fast and easy. Visit our website now and fill out a Quick Quote to see our great terms and easy financing. Adding to your collection has never been easier.